$960,000
SOLD OCT 12, 2020
9 Beds
10 Baths
4,680 Sq Ft
0.39 Acres

Recently Sold

$205 Per Sq Ft

13% Below List Price

142 Days on Market

Highlights

  • Community Beach Access
  • Health Club
  • Second Refrigerator
  • Ocean View
  • Heated In Ground Pool
  • Coastal Architecture

About This Home

As of December 2021

Rental company to Guarantee 110K in rents for 2020. The house can easily generate over $115K-$120K in income per year! Similar home on street does over 130K and this home is better. (different rental company) This beautifully remodeled 9 bedroom luxury home in the coveted neighborhood of Pine Island in Corolla. Enjoy just a short walk to the beach, relaxing by the private pool and hot tub, or spending time in one of the newly decorated living areas. UPDATES in 2019 included new LVT flooring throughout, all new beds, energy efficient LED lighting in the entire house, new exterior and interior paint, all new electronics, new pool heater, pool liner, and pool cover, just to highlight a few! Updates in 2016 included all new Trane HVACs, and all new kitchen appliances. The main top level hosts the open and beautifully decorated great room with ships watch, updated kitchen, dining room, breakfast nook, spacious master bedroom and bath, a half bath, screened porch and large back deck perfect for catching sunsets! The mid-level is comprised of 5 bedrooms and plenty of deck space to enjoy the outdoors, and the first level has three bedrooms, a large game room and kitchenette, and a half bath that opens to the outdoor pool area. Don’t miss this great investment opportunity!

Last Agent to Sell the Property

Four Seasons Realty

Four Seasons Realty License #177785 Listed on: 02/28/2020

Co-Listed By

Robert Konstanzer

Four Seasons Realty License #189406

Last Buyer's Agent

Matt Huband

OBX Realty Group, LLC License #223529

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $5,094

Year Built

  • Built in 2000

Lot Details

  • Property fronts a private road
  • Landscaped
  • Level Lot

HOA Fees

  • $235 Monthly HOA Fees

Property Views

  • Ocean
  • Pond

Home Design

  • Coastal Architecture
  • Reverse Style Home
  • Frame Construction
  • Asphalt Shingled Roof

Interior Spaces

  • 4,680 Sq Ft Home
  • Wet Bar
  • Furnished
  • Cathedral Ceiling
  • Ceiling Fan
  • Game Room
  • Fire and Smoke Detector

Kitchen

  • Oven or Range
  • Microwave
  • Second Refrigerator
  • Second Dishwasher

Bedrooms and Bathrooms

  • 9 Bedrooms
  • En-Suite Primary Bedroom
  • Hydromassage or Jetted Bathtub

Laundry

  • Laundry Room
  • Dryer
  • Washer

Parking

  • Paved Parking
  • Off-Street Parking

Pool

  • Heated In Ground Pool
  • Outdoor Pool
  • Spa
  • Outdoor Shower

Outdoor Features

  • Covered Deck
  • Patio
  • Exterior Lighting

Utilities

  • Central Heating and Cooling System
  • Heat Pump System
  • Municipal Utilities District Water
  • Fuel Tank
  • Community Sewer or Septic

Listing and Financial Details

  • Tax Lot 117

Community Details

Overview

  • Seaside Management Association, Phone Number (252) 261-1200
  • Pine Island Pud Subdivision

Recreation

  • Community Beach Access
  • Health Club
  • Tennis Courts
  • Community Playground
  • Community Indoor Pool
  • Park

Home Details

Home Type

Single Family

Est. Annual Taxes

$5,094

Year Built

Built in 2000

Lot Details

0

HOA Fees

$235 per month

Listing Details

  • Class: RESIDENTIAL
  • Style: Reverse Floor Plan, Coastal
  • Extras: Beach Access, Ceiling Fan(s), Covered Decks, Hot Tub, Jet Tub, Landscaped, Outside Lighting, Outside Shower, Patio, Smoke Detector(s), Inside Laundry Room
  • Flood Zone: X
  • Headline: GUARANTEED Rents 110K for 2020
  • Heated Sq Ft: 4680
  • L V T Date: 02/28/2020
  • Roads: Paved, Private
  • Sale/Rent: For Sale
  • Waterfront Location: More than 5th row
  • Zoning: Res
  • Advertised Income 2020: 105709
  • Deed Book Pg Number: 385
  • Destination Commerce Corp: Yes
  • Lone Wolf Real Estate Technologies: Yes
  • Newpoint Media: Yes
  • Office License Number: C14915
  • Outer Banks Software: Yes
  • Terradatum Inc: Yes
  • W And R Studios: Yes
  • Special Features: None
  • Property Sub Type: Detached

Interior Features

  • Appliances: Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Washer, 2nd Dishwasher, 2nd Refrigerator
  • Bedrooms: 9
  • Floor Coverings: Vinyl Tile
  • Full Bathrooms: 8
  • Furnishings Available: Yes
  • Interior Amenities: 9' Ceilings, Cathedral Ceiling(s), Dryer Connection, Gas Connection, Ensuite, Washer Connection, Wet Bar
  • Optional Rooms: Game Room, Shipswatch
  • Partial Bathrooms: 2

Exterior Features

  • Construction: Frame
  • Pool: Yes
  • Pool: Private and Association
  • Pool Type: Outdoor, In Ground, Heated, Private Pool, Association Pool
  • Roof: Asphalt/Fiber Shingle
  • View: Ocean, Pond

Garage/Parking

  • Parking: Paved, Off Street

Utilities

  • Cooling: Central, Heat Pump
  • Heating: Central, Heat Pump
  • Fuel Tanks: Leased
  • Sewer/Septic System: Community Septic
  • Water: Municipal

Condo/Co-op/Association

  • Association Amenities: Health Club, Indoor-Comm. Pool, Ocean Access, Outdoor-Comm. Pool, Outdoor-Comm. Tennis, Park, Playground
  • Association Fee: Yes
  • Estimated Annual Fee: 2825
  • Hoa Contact: Seaside Management
  • HOA Contact: 252-261-1200
  • Home Owner Dwelling Insurance: 6096

Lot Info

  • Lot Description: Level
  • Lot Number: Lot 117
  • Deed Book: 1469

Rental Info

  • Est Annual Rental Income: 117225
  • Estimated Rental Performance: 0.1221
  • Poolspa Expense: 2500
  • Rental Co: Village Realty
  • Rental Cottage Name: Blissful SEArinity
  • Rental Cottage Number: PI44
  • Rental Turnover Day: Saturday
  • Annual Cable TV Expense: 1200
  • Annual Electric: 2600
  • Annual Water Expense: 1300
  • Rental Contact Email: yourmgmtteam@villagerealtyobx.com

Building Info

  • Year Built: 2000

Tax Info

  • Year: 2019
  • Taxes: 5094.11

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Aug 25, 2021
Closed on
Nov 23, 2021
Sold by
Petrassi Craig A and Petrassi Sarah
Bought by
Cross Thomas H and Cross Andrea
Seller's Agent
Matt Huband
OBX Realty Group, LLC
Buyer's Agent
Matt Myatt
Keller Williams - Outer Banks
List Price
$1,350,000
Sold Price
$1,312,500
Premium/Discount to List
-$37,500
-2.78%
Current Estimated Value
$1,721,967

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$409,467
Avg. Annual Appreciation
7.39%
Original Mortgage
$1,050,000
Outstanding Balance
$964,031
Interest Rate
2.98%
Mortgage Type
New Conventional
Estimated Equity
$757,936

Purchase Details

Listed on
Feb 28, 2020
Closed on
Oct 1, 2020
Sold by
Holder Jason
Bought by
Petrassi Craig A and Younger Jason H
Seller's Agent
Four Seasons Realty
Four Seasons Realty
Buyer's Agent
Matt Huband
OBX Realty Group, LLC
List Price
$1,099,000
Sold Price
$960,000
Premium/Discount to List
-$139,000
-12.65%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
30.95%
Original Mortgage
$768,000
Interest Rate
2.9%
Mortgage Type
New Conventional

Purchase Details

Listed on
Jan 12, 2018
Closed on
Jan 16, 2019
Sold by
Sofis George T and Sofis Charmaine C
Bought by
Holder Jason
Seller's Agent
Amber Bodner Griffith
Keller Williams - Outer Banks
Buyer's Agent
Four Seasons Realty
Four Seasons Realty
List Price
$889,000
Sold Price
$780,000
Premium/Discount to List
-$109,000
-12.26%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
12.67%

Purchase Details

Listed on
Oct 11, 2012
Closed on
Oct 28, 2014
Sold by
Bishop Timothy C and Bishop Anne K
Bought by
Sofis George T and Sofis Charmaine C
Seller's Agent
Richard Neher
Brindley Beach Vacations & Sales-Duck
Buyer's Agent
Amber Bodner Griffith
Keller Williams - Outer Banks
List Price
$1,250,000
Sold Price
$780,000
Premium/Discount to List
-$470,000
-37.6%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
0.00%

Purchase Details

Closed on
Jul 8, 2005
Sold by
Kaplewiez Joseph W and Kaplewiez Tambria L
Bought by
Bishop Timothy C and Bishop Anne K

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$999,999
Interest Rate
5.75%
Mortgage Type
Adjustable Rate Mortgage/ARM
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Purchase History

Date Type Sale Price Title Company
Warranty Deed $1,312,500 None Available
Warranty Deed $960,000 None Available
Warranty Deed $780,000 None Available
Warranty Deed $780,000 None Available
Warranty Deed $1,465,000 None Available
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $1,050,000 New Conventional
Previous Owner $768,000 New Conventional
Previous Owner $999,999 Adjustable Rate Mortgage/ARM
Previous Owner $318,500 Credit Line Revolving
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/10/2021 12/10/21 Sold $1,312,500 -2.8% $283 / Sq Ft
09/21/2021 09/21/21 Pending -- -- --
08/25/2021 08/25/21 For Sale $1,350,000 +40.6% $292 / Sq Ft
10/12/2020 10/12/20 Sold $960,000 -3.5% $205 / Sq Ft
07/19/2020 07/19/20 Pending -- -- --
07/15/2020 07/15/20 Price Changed $995,000 -5.1% $213 / Sq Ft
06/23/2020 06/23/20 Price Changed $1,049,000 -4.1% $224 / Sq Ft
06/13/2020 06/13/20 Price Changed $1,094,000 -0.1% $234 / Sq Ft
06/05/2020 06/05/20 Price Changed $1,095,000 -0.1% $234 / Sq Ft
05/29/2020 05/29/20 Price Changed $1,096,000 -0.1% $234 / Sq Ft
05/22/2020 05/22/20 Price Changed $1,097,000 -0.1% $234 / Sq Ft
05/15/2020 05/15/20 Price Changed $1,098,000 -0.1% $235 / Sq Ft
02/28/2020 02/28/20 For Sale $1,099,000 +40.9% $235 / Sq Ft
01/16/2019 01/16/19 Sold $780,000 -9.8% $167 / Sq Ft
12/12/2018 12/12/18 Pending -- -- --
05/24/2018 05/24/18 Price Changed $865,000 -2.7% $185 / Sq Ft
01/12/2018 01/12/18 For Sale $889,000 +14.0% $190 / Sq Ft
10/28/2014 10/28/14 Sold $780,000 -37.6% $167 / Sq Ft
10/02/2014 10/02/14 Pending -- -- --
10/11/2012 10/11/12 For Sale $1,250,000 -- $267 / Sq Ft
Source: Outer Banks Association of REALTORS®

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $7,466 $969,300 $357,500 $611,800
2023 $6,650 $969,300 $357,500 $611,800
2022 $5,535 $969,300 $357,500 $611,800
2021 $5,520 $887,300 $325,000 $562,300
2020 $5,137 $887,300 $325,000 $562,300
2019 $5,079 $879,700 $325,000 $554,700
2018 $0 $879,700 $325,000 $554,700
2017 $4,619 $879,700 $325,000 $554,700
2016 $4,619 $879,700 $325,000 $554,700
2015 -- $879,700 $325,000 $554,700
Source: Public Records

Agents Affiliated with this Home

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Map

Source: Outer Banks Association of REALTORS®

MLS Number: 108515

Outer Banks Association of REALTORS®

APN: 127C-000-0117-0000